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 Twitter Twaffic Explodes

Created by:
John Reilly, Real Estate Educator ,  San Diego,  CA

Date: December 28, 2008, Number of Replies: 5


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Message from John Reilly, e-PRO:

In this recent posting to his Real Estate Trends Group, Stefan Swanepoel asks for feedback: "Love to hear how Realtowners are finding Twitter useful in their real estate business."

In addition to Twitter, how are you using other social networking sites? Click on the title Twitter Twaffic Explodes and follow the thread on RealTown.com


The following group discussion has been shared by John Reilly, e-PRO.

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Win Singleton Licensed Real Estate Broker,  Falls Church,  VA

Date: December 28, 2008

To contrast what was said here, some of you might find this article published on 12/22/08 interesting.

---------------------------

"Is Twitter the Next Second Life?"

by Sean Carlton at ClickZ Experts.

http://www.clickz.com/3632175

I'm sorry if I'm about to offend all you dedicated Twitter fanatics out there, but (in the spirit of the holidays) I'm just a big old Scrooge. Articles about Twittering for business make me want to shout "Bah humbug!" and turn off my computer so I can run screaming into the night.

For the past year or so I've kept silent on this issue, but it now seems like there's an extraordinary parallel between the hype about using Twitter for business and the hype about Second Life and other now-embarrassing fads in the online press.

Remember Second Life? Lots of companies spent big bucks setting up their own islands in the 3-D virtual world so they could do virtual business and rake in the cash. Unfortunately, between protestors who didn't like their chat room sullied with filthy lucre and commercial interests and the sad fact that there's a huge gap between the number of registered users on the site and the number of people who actually use it on a regular basis. Though Second Life seemed like the next big thing, most people who registered for the service used it only once or twice.

It seems the Twitter user gap is pretty large, too. While there are millions of registered users on the service, there are only about 200,000 active users each week sending about 3 million tweets per day, or 21 million tweets per week. Sure they like making themselves heard (those statistics average out to 105 tweets per active user!), but who are they talking to?

Based on Quantcast stats, they're mainly talking to other young, white, or Asian folks with lots of education, no children, and not a lot of income. That's not a totally fair statement though. There's a fairly large chunk of Twitter users in the $100,000-plus household income range. They just don't seem to be the norm.

And according to these same Quantcast numbers, the vast majority of the audience (74 percent) are passersby who don't spend much time on the service. Only 1 percent are addicts, who make up a whopping 34 percent of all the visits to the service.

There's no doubt that a lot of people like Twitter and even stop by and check things out once in a while. And there's certainly no doubt that a lot of Twitterers spend an inordinate amount of time on the service. But as for using Twitter as a business tool, especially if you're not in an Internet-related business? I don't think so.

Why? Because those 200,000 active users make up just 0.07 percent of the total U.S. population. Twitter might be all the rage among the technorati with lots of time on their hands, but most consumers don't give a tweet about the service.

Sure, many in the online business press have gotten pretty jacked up about the ability to send short messages about the state of their meals or what airport they happen to be stuck in (and have even put together some pretty funny parodies about the service), but statistics show that if you're in a business that's not targeted at the young/hip/bored/student demographic, Twitter probably won't mean tweet when it comes to helping your business.

Worse than that, it might make you look like you've got too much time on your hands. As a colleague of mine pointed out in June, if my PR person (whom I'm paying by the hour, by the way) was Tweeting all day long, I'd wonder why the heck he wasn't actually out there working for me. It's kind of like the guy who sends all the "nifty links" at your office: at one time it may have made him look like he had his finger on the pulse of the Internet, but now it just broadcasts the fact that he doesn't have much to do.

Look, I obviously have no problem with technology. And yeah, I'm definitely an early adopter and probably a prime target for Twitter. But I've also been around long enough to recognize that hype doesn't equal useful when it comes to applying a new technology.

Don't forget, the people writing most of the glowing reviews about Twitter are probably its most avid users and are therefore part of a hermetically sealed group that lacks perspective. People who write about technology online are paid (well, "paid" might sometimes be a relative term) to write about online technology and to be the first to use it. Pumping a new technology makes them look smarter and raises their street cred because it gets others to use it and makes them (and I'll even include myself in the "them" here) look like they got the scoop before everyone else.

Unfortunately, numbers don't lie. While Twitter might be a great way for a small group of folks to pass notes back and forth to each other, it's hardly the next big thing when it comes to building your business online or promoting your company, unless your company sells to the people who use Twitter.

Heck, going by the numbers, Internet meme-generating chat board 4chan has more regular users and a larger audience. However, I've yet to see any business magazine write about it as "the next big way to build relationships with your customers."

Don't believe the hype.

---------------------------

Win

************************
Win Singleton, CRB, e-PRO
Summit Web Design
(703) 536-7631
wins@summitweb.com
http://Summitweb.InternetCrusade.com
an Internet Crusade Approved Vendor
"Custom web site design that gets results!"
************************

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John Cleek Licensed Real Estate Agent,  Louisburg,  KS

Date: December 29, 2008

Win,

 

 

How do you really feel about Twitter? �:-))


 
I am one of those who is registered on Twitter but have used it only a couple of times and never for business.

 
I am familiar with Second Life because my grandson is a doctoral student at MIT and he and his team are using it in some cutting edge research. It's beyond my skill level and don't anticipate using it in a business environment. It may well become a significant tool for the next generation of agents and clients but it appears that the learning curve is too steep and the immediate payoff too meager for me to spend any time with it at this point.

�� �John

 
John E Cleek, Ph.D., e-PRO,�
Realtor� and Marketing Consultant
The CrownPlatinum Team
Crown Realty of Kansas
Miami County - Linn County - Johnson County
1005 W. Amity � Louisburg, KS 66053
Licensed in Kansas and Missouri
Pho: 913-709-4423 � Fax: 913-837-2549
Finding the�RIGHT REALTOR�. . .�Priceless!

On Dec 29, 2008, at 1:16 AM, Win Singleton, CRB, e-PRO wrote:

While Twitter might be a great way for a small group of folks to pass notes back and forth to each other, it's hardly the next big thing when it comes to building your business online or promoting your company, unless your company sells to the people who use Twitter.

 
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Malcolm Waring Information Technology,  Stroudsburg,  PA

Date: December 30, 2008

I guess you really have to ask people like Jay Thompson, Frances Flynn Thorsen and maybe Brad Inmam. I follow them as well as one local Realtor in this area (along with some regular tech folk).

I say follow them, but it's not on a regular basis. I just find it amusing to catch up on Twitter posts on my iphone sometimes.

I suppose there is value there in the same fashion as a billboard, it keeps you in peoples minds.

I can't address how much direct return you will get though.

Malcolm Waring, Realtor, e-PRO
Pocono Real Estate

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Dirk Johnson Vendor,  sterling,  VA

Date: December 30, 2008

I can see both sides of this situation.
 

The number of SocNet opportunities is exploding. Right now, most of
the focus in on the large, global SocNets, like MySpace, etc. Yet, a
large, worldwide network like Twitter may not really be the best
place to spend a lot of time, as Win pointed out.
 

Facebook and MySpace are morphing into business tools, and they are
not just for kids anymore. Similarly, LinkedIn has always been a
business resource.
 

The "granular nature" of it is remarkable. In real estate, the real
opportunities are going to come from locally-focused (city, county,
region, etc.) or specific-interest focused (hunting, boating,
golfing, etc) SocNet sites.
 

Those present real opportunities to build brand awareness and get
involved.
 

Providing agents with the right tools to assist them in the
management of all of this is where we're headed.
 

Best regards,
 

Dirk Johnson
Partner - Operations
DomainDrivers LLC
djohnson@domaindrivers.com
703-406-4698
http://domaindrivers.realtown.com
We're an approved RealTalk/RealTown vendor:
http://DomainDrivers.InternetCrusade.com

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Dirk Johnson Vendor,  sterling,  VA

Date: February 3

You all might try this tool for managing social network accounts:
<http://www.domaindrivers.com/SocialNetworkManager.asp>http://www.domaindrivers.com/SocialNetworkManager.asp

Best regards,

Dirk Johnson
Partner - Operations
DomainDrivers LLC
djohnson@domaindrivers.com
703-406-4698
http://domaindrivers.realtown.com
We're an approved RealTalk/RealTown vendor:
http://DomainDrivers.InternetCrusade.com

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